growth | Capital Analytics Associates

Orlando top city for behavioral health technicians

By: Yolanda Rivas

2 min read January 2020 — The rapid advancements in technology and innovation are significantly disrupting the work environment across all industries, making many health and life sciences-related professions some of the fastest-growing across the globe. A recent report on 2020 emerging jobs places behavioral health technician as one of the fastest-growing positions around the world, and Orlando is one of top the cities for this career.

LinkedIn’s third annual U.S. emerging jobs report identified the top 15 up and coming jobs during the last five years. Artificial intelligence and data science continue to show rapid growth and heavy influence in many sectors. However, according to the report, the rise in insurance coverage for mental health is increasing the demand for behavioral health professionals.

Orlando ranked as one of the cities where the jobs are for behavioral health technicians, which is the only job on the list that generally doesn’t require a four-year degree. The report estimates the hiring rate for these professionals has grown an average of 31% year over year since 2015.

The average annual salary for a behavioral health technician in Orlando is $27,817, as of Jan. 2, 2020, according to online employment marketplace ZipRecruiter. The national average salary is $30,080 a year. ZipRecruiter’s recent job postings show an active marketplace for behavioral health technician jobs in Orlando and its surrounding area.

Behavioral health technicians work along doctors, primary counselors, therapeutic staff and other healthcare professionals to assist in the treatment of adults or children with substance use, developmental disorders or mental health conditions.

The report suggests that increased health insurance coverage for mental health and substance abuse treatment are likely the reasons for the increased demand for these professionals. The State of Mental Health in America 2018 report states that 61.7% of adults with any mental illness (AMI) in Florida did not receive treatment. The national average is 55.8%.

The top industries hiring behavioral health professionals are: mental healthcare, hospital and healthcare, individual and family services, education management, health and wellness and fitness, the 2020 emerging jobs report shows.

To learn more, visit:

LinkedIn 2020 Emerging Jobs Report:

https://business.linkedin.com/content/dam/me/business/en-us/talent-solutions/emerging-jobs-reort/Emerging_Jobs_Report_U.S._FINAL.pdf

No Lull for Football Fans in Tampa Bay

By: Max Crampton-Thomas

2 min read January 2020 — If the last few weeks in the Tampa Bay region have felt like a nonstop marathon of events and gatherings, that’s because it has been. While the region has been celebrating the multiple holidays and enjoying the dozens of holiday happenings around the area, there have also been some significant sporting milestones, specifically in the world of football. As the season closes for the NFL in Tampa Bay, another one begins for the new XFL and the beginning of 2020 also marked another successful bowl game in the Bay.

The end of the NFL 2019 regular season was lamented by a 28 to 22 Buccaneers loss to the Atlanta Falcons in overtime. While it was not the season Bucs fans were hoping for, it did leave some room for hope in the next season as well as some shining moments that will be enshrined in Buccaneers history. This season saw the complete dominance of what could possibly be the best wide receiver duo in the NFL, Buccaneers Mike Evans and Chris Goodwin. Between them they had almost 2,500 receiving yards, 17 touchdowns and they were both chosen to represent the NFC in the Pro Bowl.

Then there is the curious case of the Buccaneers starting quarterback Jameis Winston, who was just the eighth quarterback in NFL history to throw for over 5,000 passing yards in a season, becoming the passing yards leader for the 2019 season. This in itself should be a huge advantage on the resume of the quarterback, who was playing for a new contract this season, but that same resume for this year is marred with a new NFL record – Winston is the first quarterback to throw for 30 passing touchdowns and 30 interceptions in a single season. So while head coach Bruce Arians has a lot of positives on the offensive side heading into his first offseason with the Bucs, there are some significant decisions to be made this offseason in regards to the future face of the franchise.

Jan. 1 not only marked the beginning of the new decade, it was also the day to catch the annual Outback Bowl held at Raymond James Stadium. The bowl game, which has been played in Tampa Bay since 1986, is a staple in the community and receives support from some of the largest local institutions like Pilot Bank and Visit Tampa Bay. The game itself saw the #18 ranked Minnesota Golden Gophers take on the #12 ranked Auburn Tigers in what was an exciting game through all four quarters. While both teams jumped out to strong starts in the first quarter, Minnesota capitalized on the momentum by scoring 14 in the 2nd quarter and ultimately Auburn was never able to make a push to get ahead. With Auburn trailing for the rest of the game, the final score resulted in a 31 to 24 victory for the Minnesota Golden Gophers.

With the end of the Bucs season and the passing of another Outback Bowl, the Tampa Bay region would normally go into a football lull, but thanks to the introduction of a new XFL team, the Tampa Bay Vipers, there will be no shortage of football to enjoy. Invest: recently spoke with the president of the Tampa Bay Vipers, Josh Bullock, about the process of bringing this team to the region and why Tampa Bay is perfectly suited for another football franchise. “The process of bringing this team to Tampa Bay has been exciting, intense and rewarding. Thankfully, we have great leadership, both in the region and throughout the league, starting with the chairman of the XFL, who gave us the time and resources to build this league the right way,” Bullock stated. “We anticipate playing a fast, fun style of professional football at Raymond James Stadium for Tampa Bay fans. I believe Tampa Bay is perfectly suited for this XFL team because of the great sports fans we have throughout our community. There are many entertainment options available and our community will continue to gravitate to products that are enjoyable, engaging and offered at an affordable price. That is exactly what the XFL is going to provide.”

Football fans won’t have to wait long to start enjoying everything the XFL promises to provide as the first game is slated for Sunday, Feb. 9, against the New York Guardians. The team’s home opener at Raymond James Stadium is scheduled for Saturday, Feb 22, versus the Houston Roughnecks.

To learn more about our interviewee, visit:

https://www.xfl.com/en-US/teams/tampa-bay

Survey highlights Camden’s economic progress

By: Yolanda Rivas

2 min read January 2020 — What once was the poorest city in the nation is now showing significant advances as a result of its renaissance efforts. Camden City is showing positive trends in key economic areas, according to a recent survey from the U.S. Census Bureau, using data derived from the American Community Survey (ACS).

The survey data showed significant improvements in areas such as poverty, educational attainment, employment and unemployment.

“Change doesn’t happen overnight, but in findings like these we are seeing the very real snowballing effect of progressive policies put into place to better the lives of residents in the City,” said Freeholder Director Louis Cappelli, Jr in a press release.

The surge in educational attainment among 18-24-year olds is one of the significant trends Camden has seen during the last decade. The most recent estimate shows the population achieving high school or higher levels of education is now at 83.3 percent. From 2006 to 2010, approximately 68 percent of young adults in the city had graduated high school, earned their G.E.D., attended some college, or received an associate’s, bachelor’s or advanced degree.

“Ensuring all of our students and families are attaining a quality education and gaining access to advanced educational opportunities is our objective. This report underscores the progress being made in the classroom and throughout our district,” Superintendent Katrina McCombs said in a press release.

The survey also showed that the number of residents employed has increased by more than 2,500 and the number of unemployed residents dropped from over 7,700 to less than 3,900. According to city data, the unemployment rate over the five years ending in 2018 was 12.6%, which represents a big decline from the 24.4 percent reported from 2009 to 2013.

Camden’s “eds and meds” sector, which employs almost 40% of the Camden workforce, has also been key to the city’s revitalization. Over $1 billion has been invested in the “eds and meds” sector, with an additional $175 million planned. Camden is home to five eds and meds institutions, leading research and innovative efforts throughout the region and the national and international community.

To support local businesses and residents, workforce initiatives like private initiative Camden Works, launched in 2019, have been forged to ensure Camden continues its growth path. The employment training and placement program is designed to leverage resources from local entities to provide training, education and placement.

“Unparalleled collaboration and a holistic approach to revitalization is resulting in real progress in Camden,” said Camden Mayor Francisco Moran in a press release. “The data indicates that Camden is making substantial gains as it relates to reducing poverty, improving academic outcomes and increasing employment prospects. This kind of sustained progress has not been witnessed in decades. These are all positive signs for our residents and indicators that the quality of life continues to improve.”

The ACS produces estimates of selected population characteristics for one- and five-year periods. Five-year estimates include data aggregated over a 60-month period and attempt to show the characteristics of the city over that entire stretch.

To learn more, visit:

https://data.census.gov

The Best Is Yet to Come in the Bay

By: Max Crampton-Thomas

2 min read January 2020 — 2019 is officially in the books and was another monumental year for the Tampa Bay region. All sectors of the local economy were firing on all cylinders this past year, from the always popular tourism market to growing sectors like technology and healthcare. The continuing economic boom was complimented by a slew of memorable events that truly showcased the growth of the Tampa Bay region. As we now turn our focus toward 2020, it can be hard to imagine topping the success of the past year’s events but that is exactly what looks to be in store for residents and visitors in Tampa Bay. This comes as no surprise to leaders in the community like Santiago Corrada, the president and CEO of Visit Tampa Bay, who told Invest: that, “This region is starting to become everybody’s must-visit destination, which is awesome.”

Starting the year off is the historic 2020 Gasparilla Pirate Festival. This annual event has been held in the Tampa Bay region for over 100 years, and has grown into an eight-week extravaganza that is bustling with activities for families and adults alike. It should be noted that the event kicks off on Jan. 25 with the nation’s third-largest parade, and also features memorable events throughout the eight-week run like the Gasparilla Distance Classic on Feb. 22 and 23 in which people can participate in various types of running events. There is also the Gasparilla Festival of the Arts and Gasparilla Music Festival, which is being headlined by national acts like Portugal. The Man. The event concludes with the Gasparilla International Film Festival.

While all of the festivities that make up Gasparilla Pirate Festival lay the foundation for a great year of events, 2020 is also shaping up to be a historic year for the Tampa Bay region as it prepares to host it’s fifth Super Bowl and it’s first Wrestlemania. Super Bowl LV will mark the third time the event has been held at Raymond James Stadium, with the last one being played there in 2009. While the game itself won’t happen until Feb. 7, 2021, the region is already buzzing with hype and there will no doubt be multiple must-attend events in 2020 leading up to the big game. On the chance that the Buccaneers are able to have a big turnaround season in 2020, their home games will undoubtedly also become can’t-miss events.

Perhaps the biggest Tampa Bay-based event actually happening in 2020 is Wrestlemania 36, which will also take place at Raymond James Stadium on April 5. Wrestlemania has been ranked by Forbes as the sixth-most valuable sports brand in the world, so the fact it is taking place in Tampa Bay is no small accomplishment. What is expected to be a sellout event at Raymond James Stadium is a testament to just how far the region has come from both an economic and tourism standpoint.

Also on the list of incredible events happening within the region for 2020 is Florida’s largest annual celebration of the LGBTQ+ community, which takes place in St. Petersburg and is gearing up for what will most likely be another record-shattering attendance year. St. Pete Pride 2020 takes place this year from June 26-28 and is expected to attract over 250,000 people celebrating the beauty of diversity and inclusion, a true testament to the inclusive environment of the Tampa Bay community.

2020 promises to be a lot of things for the Tampa Bay region: a year of more growth, more opportunity, more collaboration and definitely more unforgettable events.

To learn more, visit:

https://www.visittampabay.com/

Spotlight On: Sean Beuche, Regional Manager, Marcus & Millichap

By: Yolanda Rivas

2 min read December 2019 — 2019 was a steady year for Philadelphia’s commercial real estate. The market’s affordability, the city’s position as a logistics hub and its attractive environment for startups has driven strong demand. One of the areas seeing a high amount of activity is King of Prussia. Commercial real estate firm Marcus & Millichap recently relocated to the area, attracted by the growth in the region. Regional Manager Sean Beuche discussed with the Invest: team the neighborhoods seeing the most growth in commercial real estate and his outlook for the sector as we enter 2020.

Marcus & Millichap relocated its Wynnewood location to King of Prussia. What makes that community attractive?

This relocation highlights our commitment to the area and our optimism about the local economy. The construction and new development activity going on in the King of Prussia market is very attractive. Numerous businesses and baby boomers are moving to the area, where there is more land available, beautiful housing stock, good school districts and less traffic congestion. King of Prussia is a nexus of a variety of different interstates and that strategic location amid emerging growth and development is much more desirable for us. In addition, we are expanding in a nicer Class A office space that provides our clients and agents with a much brighter and enjoyable place to do business.

Which areas are the fastest-growing for commercial real estate in Philadelphia?

We’re seeing fast appreciation in the Point Breeze market, while Fishtown and Kensington have been hot for some time. We are also seeing numerous investments in areas further along the Main Line region. The Lehigh Valley and Central PA markets are both driving a lot of new investors into Pennsylvania. As the yields continue to deliver in some of these secondary and tertiary markets, investors want to move outside of areas where they’re getting squeezed by some popularity. There is a bit of a ripple effect being created by the economy being strong for a long time, and many of the investments that have been made or taken in these core markets are pushing investors further out.

What is your outlook for Philadelphia’s real estate sector over the next 12-18 months?

The outlook is positive. There is uncertainty from a political standpoint, we are dealing with some of the trade wars and we are very interested in seeing where that shakes out. We focus on private and middle market clients and, in times of uncertainty, we provide them with market research about existing opportunities. From an income standpoint, rents in the Center City market and many of our urban infill markets are pushed up, and we would need to see some relevant margin changes in household income to afford a greater rent increase. Our clients are seeing strong fundamentals in the main groups that we focus on, which are multifamily, industrial, office and retail. As that financing loosens up and remains affordable, deals are very quickly moving off our shelves and into the hands of investors.

To learn more about our interviewee, visit:

Marcus & Millichap: https://www.marcusmillichap.com/

Philadelphia, South Jersey Prioritize Transit, Affordability, Sustainability in 2020

By: Sara Warden

2 min read December 2019 — Although under slightly different time frames, both South Jersey and Philadelphia’s local and state governments are prioritizing investment in three key axes for the coming years: transit, affordability and sustainability.

In 2011, Philadelphia’s City Planning Commission outlined Philadelphia2035, a comprehensive plan for managing growth and development in the city. Updated every year, the first phase includes a Citywide Vision, that encompasses broad planning goals, while the second phase will build upon these with specific policies related to 18 different planning districts. The program invites public and private investment for the development of the city over the medium term. The blueprint is based on three key themes: Thrive, Connect and Renew.

According to the 2035 planning document, the Thrive element will focus on promoting affordability in housing, strong neighborhood centers, economic development and land management. Connect will center around improving transportation and utilities, including transit, streets and highways, ports, airports and rail. Finally, with an eye on sustainability, Renew is all about creating more open spaces, effective use of water resources, air quality and historic preservation.

“Philadelphia 2035 envisions a city with an expanded transportation network that better connects home and workplace; ensures convenient access to sources of healthy food; supports the productive reuse of vacant land; and provides modern municipal facilities that serve as the anchors of strong neighborhoods,” said former City Mayor Michael Nutter when launching the plan in 2011.

The new year was already off to a good start for the City of Brotherly Love even before the calendar turned. National Geographic Traveler in November named Philadelphia one of the top 25 must-visit destinations in the world in 2020.

And across the Delaware, South Jersey faces many of same issues are at the top of Gov. Phil Murphy’s priority list. The four pillars of the 2020 budget signed in June 2019 include creation of over $1.1 billion in sustainable savings, stabilizing New Jersey’s credit-worthiness and ensuring tax fairness for the middle class. This foundation will support the final priority of investments in education, infrastructure – in particular NJ TRANSIT – and an innovation-driven economy.

“The budget enacted today is a victory for working families in New Jersey in many different ways—it supports middle-class priorities, invests in education, makes a record investment in NJ TRANSIT, provides property tax relief, and so much more,” said Murphy when he signed the budget into force.

But Murphy also has his eye on further priorities to strengthen the 2020 plan amid more effective tax revenues. “This is a budget that does not include tax fairness, does not ask opioid manufacturers to help fund addiction services, and does not raise gun fees that have been untouched since 1966,” he said. “These common-sense revenues would have allowed us to save for a rainy day and sustainably fund necessary investments for New Jersey’s nine million residents.”

To learn more, visit:

https://www.phila.gov/departments/philadelphia-city-planning-commission/

https://www.jerseycitynj.gov/cityhall/mayorfulop

South Florida to Address Heavy-Hitting Priorities Ahead of Election 2020

By: Sara Warden

2 min read January 2019 — With its status as one of the most important swing states in federal elections, Florida’s voting pattern generally serves as a bellweather for the overall outcome. With President Donald Trump running for re-election in November 2020, South Florida’s agenda for the year is packed with contentious issues, such as gun reform, climate change and foreign policy.

On Dec. 23, an appeal was filed by the state government against several Florida cities, including Miami Beach, Fort Lauderdale and West Palm Beach, arguing the cities were flaunting the law by applying harsher restrictions on guns than exist on a state level. “If allowed to stand, the decision will not only invite the development of a patchwork regulatory regime in the area of firearms but also render the Legislature impotent to deter power grabs by local officials in other areas,” the brief argued. The issue of gun reform is set to remain a key issue as the 2020 election nears.

Another issue coming back to the forefront is climate change, and South Florida is disproportionately affected by rising sea levels and potable water availability. In November, Gov. Ron DeSantis appointed the state’s first chief science officer and the 2020 legislative session is expected to put more emphasis on climate issues. “State agencies are now beginning to collaborate on these important issues and gather at a leadership level to talk about resilience and how to plan for sea level rise,” Noah Valenstein, secretary of Florida’s Department of Environmental Protection, told the Herald Tribune.

But by far, one of the most headline-grabbing issues leading up to the election will be President Trump’s flagstone immigration campaign. According to the most recent census data, about 23% of the population of Palm Beach County identify as Hispanic or Latino, and the same is true for around 19% of the Fort Lauderdale population. The Democrats chose to host their first presidential debate in Miami, a city where more than 70% of the population is Hispanic, partly because of the immigration platform.

“Latinos are still seen as a monolith,” says Liz Alarcon, a Venezuelan-American Democratic activist and author of Caracas Chronicles, told TIME magazine. “Politicians as a whole still don’t get it, and that’s a problem.”

U.S. Latin America policy is expected to play a major role in the South Florida 2020 electoral result, and Trump has been largely praised by the Latin American community for his tough stance toward Venezuelan President Nicolas Maduro. “Florida elections always come down to margins,” Frank Mora, a professor of politics at Florida International University, told the New Yorker. “Foreign policy is intensely local in South Florida.” Because of the high concentration of Latinos in South Florida, foreign policy related to Latin America hits close to home.

It could also help decide who wins Florida in 2020.

To learn more, visit:

https://www.flgov.com/

https://www.caracaschronicles.com/author/lizrebeccaalarcon/

https://pir.fiu.edu/people/faculty-1/faculty/frank-mora/

https://floridadep.gov/sec

Spotlight On: William Reichel, President, Reichel Realty & Investments

By: Max Crampton-Thomas

2 min read December 2019 — The real estate market in Palm Beach County and South Florida is one that is marked with ebbs and flows, so it takes real market knowledge to be able to successfully navigate it. Invest: spoke with local market expert William Reichel, president of Reichel Realty & Investments, on all things related to commercial real estate in the county. He spoke of embracing the current regulatory environment as opposed to holding out hope it will change, his outlook for the real estate market and some significant emerging trends in the industry.

What challenges does Palm Beach County present in terms of the commercial real estate sector?

Generally speaking, Palm Beach County is very pro-business, but it presents challenges as well for the commercial real estate sector. So much of business growth is dependent upon the process, and the ability to deal with the complexities, various codes and government agencies within the county and its 39 municipalities.

I had a partner who would say, “It’s harder than it used to be, but it’s easier than it’s going to be.” That means it’s important to embrace the current regulatory environment rather than holding off in hopes it may change. We focus our 30-plus years of commercial real estate experience in this market on navigating the challenges for clients, which includes knowing which professionals to utilize in the approval process depending on where in the county the project is located.

What do you predict for the next year in the real estate market?

The real estate market in Palm Beach County will continue to grow, and I don’t see anything stopping it. While there will be ebbs and flows, there’s a lot of capital and tremendous wealth in the area that is driving the market. As a broker, we get paid when the transaction is completed, so we are incentivized to be engaged in the whole process, to make sure that it goes smoothly, is done properly and is as timely as possible.

What emerging trends have you observed over the last year and how have these affected demand on the market?

One of the large, emerging trends we‘ve seen in commercial real estate is shared office space, which has become a national phenomenon, and it’s growing here in Palm Beach County. Another trend we‘re seeing is growth of health- and fitness-related facilities that aren’t just gyms but also incorporate other modalities such as yoga, recovery, saunas and more. As the baby boomer generation gets older, they want a quality of health and fitness, which includes exercise as well as recovery. We’re seeing an influx of those types of prospects, which we believe is a terrific fit in this market, given the demographics with significant wealth, and who are willing to spend money on their health.

To learn more about our interviewee, visit:

https://www.reichelrealty.com/

The Bay’s Top 5 Holiday Celebrations

By: Max Crampton-Thomas

4 min read December 2019 — ‘Tis the season for family fun and Tampa Bay has a myriad of holiday happenings to choose from. It comes as no surprise that the region holds such an eclectic and widespread range of options as the local economy boasts healthy and robust tourism and entertainment markets. The only challenge is deciding how to choose between all of the merry events happening throughout the Bay. Invest: explores five of the top options to spend your time during this holiday season.

Enchant Christmas

Not everyone is privileged to have the World’s Largest Christmas Light Maze and Market in their own backyard, but those in the Tampa Bay region can find this very attraction at Tropicana Field in St. Petersburg. Embark on an adventure to find Santa’s reindeer inside an amazing, custom-designed light maze. Once you have solved the mystery, guests can enjoy the seasonal food and drinks as well as a Christmas Market featuring over 40 local and international artisans. Enchant runs until Dec. 29 and is a wonderful event for families of all ages.

For more, visit: https://enchantchristmas.com/stpete

Busch Gardens Christmas Town

On its own merit, Busch Gardens is already a must-see attraction in the Bay, so the fact that it features a holiday event that USA Today ranked as one of it’s 10 Best Theme Park Holiday Events, only furthers this narrative. Christmas Town not only is a beautifully decorated affair with millions of holiday lights, it is also a truly fun event. Visitors are afforded the opportunity to visit with Santa and Rudolph, the red-nosed reindeer, holiday-themed culinary experiences, live shows and the ability to have nighttime experiences on their famous thrill rides. Christmas Town is open to the public until Jan. 6 so there is still plenty of time to enjoy.

Winter Village at Curtis Hixon Park

Winter Village is not the typical holiday-themed event. Winter Village features a holiday-themed cafe, appropriately deemed the Icicle Craft Kitchen, a variety of unique shopping experiences and a unique train ride called the Winter Village Express. But perhaps most significant is the last thing most people would expect to find in Florida: an outdoor ice rink. This is Downtown Tampa’s only outdoor ice rink,and quite possibly one of the only ones in Florida, which is made even more unique with the amazing views of the Tampa Riverwalk and Hillsborough River. This can’t miss opportunity is open until Jan. 5 and the perfect way to bring some holiday happiness.

For more, visit: http://www.wintervillagetampa.com/

Downtown Tampa Holiday Lighted Boat Parade

In most of the country, a boat is the last place anyone would expect to be during the wintertime, but in Florida the winter is possibly the best time to take out a boat and enjoy the cooler temperatures. That being said, it’s only fitting that Downtown Tampa is home to the annual Holiday Lighted Boat Parade. The parade runs all the way down Tampa Riverwalk and features some of the region’s most unique watercrafts sporting their finest holiday lights. The event takes place from 6:30 p.m.-9:30 p.m. on Dec. 21 in Downtown Tampa.

For more information, visit: https://thetampariverwalk.com/events/lighted-boat-parade/

Bad Boy Mowers Gasparilla Bowl

This time of year all of the major holidays have one consistent thing in common: there is always a big football game on. In Tampa Bay, this stands true as the region will once again welcome the Bad Boy Mowers Gasparilla Bowl to town on Dec. 23 at Raymond James Stadium. Residents of the Bay can enjoy from their homes or partake in the festivities at the game as the University of Central Florida Knights take on last year’s Bowl champions the Marshall Thundering Herd. The holiday season wouldn’t be complete without some good old-fashioned football.

To learn more, visit: https://www.gasparillabowl.com/

No Lull for Football Fans in Tampa Bay

Survey highlights Camden’s economic progress

The Best Is Yet to Come in the Bay

Spotlight On: Sean Beuche, Regional Manager, Marcus & Millichap

Philadelphia, South Jersey Prioritize Transit, Affordability, Sustainability in 2020

South Florida to Address Heavy-Hitting Priorities Ahead of Election 2020

Spotlight On: William Reichel, President, Reichel Realty & Investments

The Bay’s Top 5 Holiday Celebrations

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